The latest proposal in Splinterlands is related to the current supply of Chaos packs. The whole jest of it is if the proposal passes in the near future Chaos packs that are not sold via in game market they will be burned.
Today's post is to look how the proposal would effect the Chaos cards that is currently in circulation and its future.
Chaos Total
With over 2/3 of the entire ever to be printed Chaos packs already sold one would be wondering why not wait for the free market to continue its sales and eventually sell out. The speed of selling
has slowed over the months and Splinterlands developers are planning to introduce a new series of cards coming summer 2023.
A graph chart above shows the sale of Chaos packs since inception and we can see that the most recent months packs have not sold as quickly as the first few months of the packs inception.
It makes perfect sense to lower the total Chaos packs so that we hit the limit of Chaos sales in game, but will this benefit players in the short term and long term?
Chaos Cards In Circulation
Over on Splintercards we can see the current amount of cards printed in circulation and how many of each Chaos card is used in game. First thing I noticed is that the latest air drop Conqueror Jacek has the lowest cards in circulation for legendary rarity.
Then I ponder since there are four more air drops how will this pan out when the remaining packs begin to shrink.
If in fact there will be less than 15 million packs then the remaining packs that can potentially pull the last few air drop cards will be less. This would mean there will be some legendary cards that will be very limited relative to most of the other Chaos cards.
A glance over the common Chaos cards appears that 3/4 of the printed cards are either stacked or burn. Example one of the most popular common card: Goblin Psychic where it has 211k of cards in circulation but originally 850k cards pulled.
It is easy to see that as time rolls forward and potentially less card packs to be for sale it is highly likely we will see increase in value of the current printed cards. A quick summation there is $14.1 million in regular cards and $5.1 million in gold cards. We will have to see if this net worth of Chaos cards, around $19.2 million will rise in the future as we draw close to the day where Chaos packs stop selling.
Set Values
A Chaos set max level regular cards currently is worth nearly $6k. We could potentially see the sets rise dramatically once card packs are no longer selling in the game's market.
This seems like a great investment to try to accumulate Chaos before its all gone. What a move by the Splinterland's developers in pushing demand by planning on reducing the supply. Will it work? Evidence we see for now is showing its has a lot of potentially many current Chaos card holders very rich.
Until next time thanks for reading!!!
I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
I think it will start happening even a little earlier. Especially valuable will be summoners and strong cards. I'll try my best to buy in advance.
The only thing I'm worried about is whether the creators are trying to kill the old card releases with the new sets. Objectively, Riftwatchers and CL are pretty good. What's coming next?
!PIZZA
It’s certainly looks like prices are rising fast. I am now regretting now getting all the chaos summoners before this recent pump. !PIZZA !LOL
lolztoken.com
I like to mooooove it mooooooove it
Credit: reddit
@stdd, I sent you an $LOLZ on behalf of @mawit07
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(1/8)
I don't know if I like it but I do think the card set cycle is around a year or so right? In a way, I think the team is worried about the next set of cards but I don't think it's a good idea to burn them. It just seems like the Splinterlands team really overestimated how many packs needed to be released.
Posted Using LeoFinance Beta
I think so too where new series every year. Next year due for a new one. In any case there will still be demand for cards but just at what prices? !WINE !LUV
Congratulations, @mawit07 You Successfully Shared 0.100 WINEX With @jfang003.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/2 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.250
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
@mawit07(2/5) gave you LUV.
tools | wallet | discord | community | <>< daily
HiveBuzz.me NFT for Peace
I think it's better this way. The reason is that, I think that the packs are not really selling and maybe people need the sense of urgency to consider buying them back again.
Cutting off supply more likely benefits existing cards value. I agree with you and have been slowly accumulating chaos cards. !PIZZA !LUV
@mawit07(1/5) gave you LUV.
tools | wallet | discord | community | <>< daily
HiveBuzz.me NFT for Peace
I believe this help in term of price and scarcity. The packs are just too much
Posted Using LeoFinance Beta
Yep a supply and demand equation with the hopes we all come out winners !LOL !PIZZA
lolztoken.com
We are called the Algebros.
Credit: theabsolute
@dwayne16, I sent you an $LOLZ on behalf of @mawit07
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(2/8)
Congratulations, @mawit07 Your Post Got 100% Boost.
@mawit07 Burnt 70.205 UPME & We Followed That Lead.
Contact Us : CORE / VAULT Token Discord Channel
Congratulations @mawit07! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
!WINE
Posted Using LeoFinance Beta
Congratulations, @jfang003 You Successfully Shared 0.200 WINEX With @mawit07.
You Earned 0.200 WINEX As Curation Reward.
You Utilized 2/2 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.250
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
I gifted $PIZZA slices here:
mawit07 tipped stdd (x1)
@mawit07(3/5) tipped @dwayne16 (x1)
mawit07 tipped josediccus (x1)
stdd tipped mawit07 (x1)
Please vote for pizza.witness!